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转自HC
Ok I have thought about this, never tried it, but I can not think of a reason as to why it should not work.
Lets assume that you currently have a margin lending account of $1,000,000 which costs you 8% - which is probably at the lower end of what some are paying now.
This means you pay $80,000 in interest per year.
However to maintain this position you really only need about $30,000 in margin depending on which stocks you own or short sold in. However lets work on using $80,000 in margin or 8% meaning the market can move around considerably requiring no action on your part. Of course I am talking about using CFD's here.
The cost of holding this position with CFD's on CMC is the RBA rate (for aussie stocks) + 2% or 8.75% meaning your yearly interest expense would be $87,500.
Your probably thinking wtf that is more?
However you now have $920,000 in cash which you can get around 6.5% at the bank and have the cash available at call.
You now make $59,800 in interest per year.
Meaning your interest cost is now 80000 - 59800 = $20,200
Or 2% and that has given you a 5% margin just sitting in the CFD account - with CMC markets others might differ.
Depending on market movements you might be required to add some cash which can be done by a simple bank transfer. Or urgently by card if needed under a real bad scenario.
With this approach from what I can see does not mean you are taking on extra market risk. You lose or make as per a margin lending account but save a stack in interest. |
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居室捕鼠记 (2007-10-9) cloudflashes 
发表于 2008-1-25 18:58
